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Wiedeking to be offered $140 million to quit Porsche, report says
Fri, 17 Jul 2009Porsche CEO Wendelin Wiedeking could be offered a $141 million (100 million euros) payoff to quit the sports car maker to make way for a merger with Volkswagen, Germany's Sueddeutsche Zeitung newspaper reported Friday. The newspaper said Wiedeking has been visited by Porsche Chairman Wolfgang Porsche in the past few days, who “made it clear” that the embattled CEO should step down. Wiedeking has come under fire for allowing Porsche's holding company to amass debts of more than $12.7 billion (9 billion euros) during a failed attempt to take over VW.
Alfa Romeo 8C based Disco Volante by Touring makes limited production
Mon, 16 Sep 2013The Alfa Romeo Disco Volante (pictured) is going in to limited production The Alfa Romeo 8C is a beautiful – if flawed – supercar from Alfa, made even more individual by by Carrozzeria Touring Superleggera with their Alfa Disco Volante Concept in 2012. That Concept – which arrived at the Geneva Motor Show in 2012 – has now been updated for 2013 and is being put in to limited production for those with deep pockets to indulge in an Alfa even more rare than the 8C itself. The Disco Volante pays homage to the 1952 Alfa Romeo Disco Volante – based on the Alfa 1900 – and is built from aluminium and carbon fibre to keep weight in check, although under the skin remains pretty much Alfa 8C.
Veritas RS III World Debut at Salon Privé
Wed, 13 May 2009The Veritas RS III will debut at Salon Privé in July [ad#ad-1] Vermot AG are responsible for the Veritas RS III, a modern day recreation of a 1940s German racer. And it does look pretty stunning. It weighs in at less than 2400lbs but features a either V10 BMW (as in the M5) or a V8 (as in the M3), offering either 600bhp or 480bhp.